2 ms·
Yes, I understand that banks don't need savings to generate loans and the two aren't tied, and my answer didn't say that. My point is that the market determine
by cpncrunch 9y ago
Yes, I understand that banks don't need savings to generate loans and the two aren't tied, and my answer didn't say that.
My point is that the market determines savings rates, and when interest rates are higher, banks can afford to give higher savings rates.